Re:Realtors Reach Settlement That Will Change How Americans ...
by khazhoux on Friday March 15, 2024 @01:08PM
(#39718050)
> it is more difficult to sell a very expensive home vs a cheaper one
I don't know where you are, but in Bay Area this is not true. And even for mega-expensive homes that don't sell as fast, the agent can't really accelerate this much -- certainly not commensurate to the giant commission they receive.
Re:Realtors Reach Settlement That Will Change How Americans ...
by tempsy on Friday March 15, 2024 @01:15PM
(#39718150)
I'm in the bay area. I'm not concerned about arguing over edge cases I'm speaking generally that very expensive homes are inherently more difficult to sell than cheaper ones. You're just pointing out in certain areas homes that are "expensive" in other cities are just average to a relatively large pool of high income buyers.
With expensive luxury homes you have a smaller buyer pool and more discerning buyers and they will sit on the market longer than cheaper homes. So I still stand by the fact that they are going to be more difficult to sell than a cheaper one for fairly straightforward reasons.
it didn't make sense to pay the buyer's agent a percent of the home value which is what these lawsuits focused on. buyer's agent fees will most likely move to a fixed fee model.